Wealth Strengthens Board and Team with New Appointments, Arranges $266,060 Loan, Amends Previous Loans and Grants Stock Options
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR19-16 July 15, 2019
Wealth Strengthens Board and Team with New Appointments,
Arranges $266,060 Loan, Amends Previous Loans and Grants Stock Options
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd.
(the “Company” or “Wealth”) - (TSXV: WML; OTCQX: WMLLF; SSE: WM LCL; Frankfurt:
EJZN), is pleased to announced it has strengthened its board of directors with the appointment of
David Lies as a Director. The Company also announces the appointment of Kenneth Strong as its
Senior Advisor of Sustainability.
“Mr. Lies is an exceptional and highly respected businessman with a proven background in guiding
companies’ growth. His experience is a valuable addition to Wealth as we prepare to ramp up the
development of our mineral assets,” stated Wealth’s CEO, Henk van Alphen, “we are very excited
to have him join our team as a Director and I look forward to working with him.” Mr. van Alphen
continued: “Bringing Mr. Strong onto the team will be a great a ddition to our dialogue with local
communities in Chile, due to his experience working with indige nous groups and other
stakeholders of natural resource projects. His father, Maurice Strong, was a director of Wealth in
the past, and Mr. Strong follows in his father’s footsteps by l eading Wealth’s sustainable natural
resource development.”
David Lies Background
Mr. Lies is an entrepreneur and private equity investor with a focus on the real estate and
manufacturing sectors for over 40 years. From being an executiv e in the real estate division of
Inland Steel Development Corpora tion, Mr. Lies led the leverage d buyout of the division and
managed its operations for over 30 years with multiple developm ents and projects. In private
equity, Mr. Lies organized the buyout of Ryco Graphics, an indu strial equipment company,
managed a business’ turnaround by tripling revenues and substan tially increasing profits, and
finally exited from the investment in five years. Presently, Mr . Lies manages a portfolio of high
growth potential companies across several sectors including the natural resource space.
Kenneth Strong Background
Mr. Strong has a multi-decade career focused on connecting capital markets with global resource
sustainability. He is a founding Managing Partner of Global Acceleration Partners, Inc., a company
dedicated to effecting the cross-border transfer and deployment of clean technology into emerging
economies, particularly China. He has also served as Chairman a nd CEO of Technology
Development Corp. and Environmen tal Capital Corp., where Mr. St rong led the creation and
development of clean-tech enterprises dedicated to commercializ ing technology from research
institutions such as MIT and Harvard Medical School. Early in h is career, Mr. Strong served as
Special Assistant to the Prime Minister of Canada.
Wealth Minerals Ltd. - 2 - July 15, 2019
NR19-16 – Continued
Importantly, Mr. Strong is committed to continue the legacy of his father, The Hon. Maurice
Strong, long considered to be a global leader in sustainable de velopment, who passed in 2015.
Maurice Strong served six times as Under-Secretary-General of t he United Nations, as Secretary
General of the 1992 Earth Summit in Rio de Janeiro, in various capacities at the World Resources
Institute, the International Inst itute for Sustainable Developm ent, the Stockholm Environment
Institute, the World Economic Forum, the World Bank and the Wor ld Wildlife Fund, as well as
having served as Chairman and CEO of Ontario Hydro and founding Chairman of Petro Canada.
Maurice Strong was a director of Wealth from December 2006 to November 2015.
Wealth Loans
Wealth also announces that, subject to TSX Venture Exchange (“T SXV”) acceptance, the
Company has secured loans in the aggregate amount of $266,060 (the “June Loans”) with certain
arm’s length lenders (the “Lenders”). The June Loans have an 18-month term and bear interest at
a rate of 8% per annum compounded annually, payable on the matu rity date. The Company has
agreed to issue in aggregate 665,150 non-transferable bonus com mon share purchase warrants
(each, a “Bonus Warrant”) to the Lenders. Each Bonus Warrant will entitle the holder to purchase
one common share in the capital of the Company at an exercise p rice of $0.40 per share for a
period of two years. All securities issued pursuant to the June Loans will be subject to a hold period
of four months and one day in Canada from the date of issuance. The funds available from the
June Loans will be used for general working capital and to make property payments on the
Company’s Atacama lithium project (“Atacama” or the “Atacama Project”).
Additionally, Wealth announces that, subject to TSXV acceptance , it plans to amend the terms
(the “Loan Amendments”) of certain loan agreements entered into by the Company with various
lenders in February (the “February Loans”) and March 2019 (toge ther with the February Loans,
the “Prior Loans”). Pursuant to the Loan Amendments, the term of the Prior Loans will be extended
such that each Prior Loan will have a maturity date that is 18 months from the closing date of such
Prior Loan. In connection with the Loan Amendments, the Company intends to make an
application to the TSXV to extend the expiry date of the bonus warrants issued to the lenders under
the February Loan from one year after the date of issuance to t wo years after the date of issuance
(the “Amended Bonus Warrants”).
For more information on the Prior Loans, please see the Company ’s news releases dated
February 11, 2019, March 6, 2019 and March 29, 2019.
None of the foregoing securities have been and will not be regi stered under the United States
Securities Act of 1933, as amended (the “1933 Act”) or any appl icable state securities laws and
may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons
(as defined in Regulation S under the 1933 Act) or persons in the United States absent registration
or an applicable exemption from such registration requirements. This news release does not
constitute an offer to sell or t he solicitation of an offer to buy nor will there be any sale of the
foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Wealth Minerals Ltd. - 3 - July 15, 2019
NR19-16 – Continued
Stock Option Grant
The Company also announces that, pursuant to its 2004 Incentive Stock Option Plan, it has granted
incentive stock options (the “Options”) to directors, officers, employees and consultants of the
Company and its affiliates to purchase up to an aggregate of 9, 375,000 common shares in the
capital stock of the Company. The options are exercisable on or before July 12, 2021 at a price of
$0.40 per share.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada, Mexico, Peru and Chile. The
Company’s main focus is the acquisition and development of lith ium projects in South America.
To date, the Company has positioned itself to develop the Ataca ma Project alongside existing
producers in the prolific Atacama region, where the Company has a substantial licenses package.
The Company has also positioned itself to play a role in asset consolidation in Chile with various
lithium properties throughout the country.
Lithium market dynamics and a rapidly increasing metal price are the result of profound structural
issues with the industry meeting anticipated future demand. Wea lth is positioning itself to be a
major beneficiary of this future mismatch of supply and demand. The Company also maintains
and continues to evaluate a portfolio of precious and base metal exploration-stage projects.
For further details on the Compa ny readers are referred to the Company’s website
(www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
WEALTH MINERALS LTD.
“Hendrik van Alphen”
Hendrik van Alphen
Chief Executive Officer
For further information, please contact: Marla Ritchie/Henk van Alphen or Tim McCutcheon
Phone: 604-331-0096
E-mail: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-
looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United
States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein including, w ithout limitation, the receipt by the Company and the amount of the proceeds from the
Loans, anticipated exploration program results from exploration activities, the Company’s expectation that it will be
able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of
mineral deposits/resources/reserves, the advisory services to be provided by Mr. Strong, the exercise of the
Options, and the anticipated business plans and timing of future activities of the Company, including the development
of the Company’s mineral assets, are forward-looking statements. Altho ugh the Company believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking
Wealth Minerals Ltd. - 4 - July 15, 2019
NR19-16 – Continued
statements are typically identified by words such as: “will”, “believe”, “expect”, “anticipate”, “intend”, “estimate”,
“postulate” and similar expressions, or are those, which, by their nature, refer to future events. In making the
forward-looking statements in this news release, the Co mpany has applied several mate rial assumptions, including
without limitation, that market fundamen tals will result in sustained lithium de mand and prices, the receipt of any
necessary permits, licenses and regulato ry approvals in connection with the June Loans, the Bonus Warrants, the
Amended Bonus Warrants, the Loan Amendments and future development of the Company’s mineral assets, including
the Company’s Chilean lithium projects in a timely manner, the availability of financing on suitable terms for the
development, construction and continued operation of the Company project s, and the Company’s ability to comply
with environmental, health and safety laws.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future
results or performance, and that actual results may differ materially from those in forward-looking statements as a
result of various factors, including, operating and technical difficulties in connection with mineral exploration and
development activities, actual results of exploration activities, the estimation or realization of mineral reserves and
mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures,
the costs and timing of the development of new deposits, the fact that the Company’s interests in its mineral properties
(including the Atacama Project and Trinity project) are options only and there is no guarantee that the Company’s
interests in same, if earned, will be certain, requirements fo r additional capital, future prices of lithium, changes in
general economic conditions, changes in the financial markets and in the demand and market price for commodities,
lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays
in obtaining governmental approvals, permits or financing or in the comple tion of development or construction
activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the
Company to obtain any necessary permits, consents, approvals or authorizations (including acceptance by the TSXV
for the June Loans, the Bonus Warrants and the Amended Bonus Warrants)), the timing and possible outcome of any
pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks
and uncertainties disclosed in the Company’s latest inte rim Management Discussion and Analysis and filed with
certain securities commissions in Canada. All of the Company’s Canadian public disclosure filings may be accessed
via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect
to the Company’s mineral properties.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no
obligation to update any of the forward-looking statements in this news release or incorporated by reference herein,
except as otherwise required by law.